a-share turnover exceeded one trillion yuan for three consecutive days, investors rushed to enter the market
2024-09-28
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reporter wu xiaolu
under the favorable influence of rrr cuts, interest rate cuts and the entry of medium and long-term funds into the market, a-shares rose again. wind data shows that on september 27, the shanghai composite index closed up 2.88%, the shenzhen composite component index closed up 6.71%, the gem index rose 10%, and the north securities 50 rose 11.14%. on that day, the trading volume of a-shares reached 1.46 trillion yuan. it was the third consecutive trading day that the trading volume of a-shares exceeded one trillion yuan. market confidence was significantly boosted, and investors rushed to enter the market.
"in recent days, the sales department has reported that the number of investor account openings has increased significantly, and the number of account openings through some online channels has increased significantly. at the same time, the number of consultation account openings has also increased significantly." he li, chief investment adviser of guotai junan securities, told securities daily "reporter.
funds are concentrated flowing into securities firms and other sectors
in fact, on september 24, at a press conference held by the state council information office, after the main person in charge of "one bank, one bureau, one meeting" introduced a series of major financial measures to support high-quality economic development, the enthusiasm of a-share investors has been dampened. on the same day, the shanghai composite index rose 4.16%, and the a-share trading volume reached 974.423 billion yuan, close to one trillion yuan.
since then, the political bureau meeting of the cpc central committee held on september 26 set the tone of "efforts to boost the capital market" and made arrangements for currency, finance, real estate, etc.; on the evening of september 26, the china securities regulatory commission announced that with the approval of the central financial commission , the central financial office and the china securities regulatory commission jointly issued the "guiding opinions on promoting medium- and long-term capital entry into the market"; on september 27, the rrr and interest rate cuts were implemented.
according to wind data statistics, from september 24th to 27th, the cumulative gains of the shanghai composite index, shenzhen composite component index, gem index, and beijing securities 50 were: 12.32%, 17.71%, 23.19%, and 19.55% respectively. from the perspective of transactions, the average trading volume of the a-share market in the four trading days was 127.277 billion shares, and the average trading volume was 1.19 trillion yuan, an increase of 94.99% and 112.34% respectively compared with the average levels of the previous four trading days.
from the perspective of capital flow, wind data shows that this week (september 23 to 27), the main net inflows of securities, liquor, batteries, and semiconductor industries (shenwan level 2) were relatively high, with 11.414 billion yuan and 6.871 billion respectively. billion, 3.418 billion yuan, 2.351 billion yuan.
xingshi investment told a reporter from securities daily that before the policy was announced, market sentiment was at a historical bottom, and a-shares were generally undervalued. this policy combination is a clear trigger. the policy actively responds to market concerns and has greatly boosted market policy expectations, economic expectations and stock market sentiment.
the short-term a-share sentiment recovery is expected to continue
looking forward to the next trend of a-shares, market participants believe that the rising trend of a-shares is expected to continue in the short term, and it is still necessary to observe the effect of policy implementation in the future.
he li said that the new policy "combination" significantly exceeded market expectations, enhanced investor confidence and supported the market rebound. the overall valuation of the superimposed market is relatively low, some stocks are in an oversold state, and there is a strong need for repair. as a result, the market's upside space was opened up, and trading responses were very positive and rapid. in the future, we can also look forward to the implementation of policies and the stabilization of the economy, and the market conditions are likely to continue.
xingshi investment said that the sentiment recovery brought about by further improvement in market expectations is expected to continue. as domestic countercyclical policies enter a new round of strength, market expectations and risk preferences are expected to recover. it is expected that the market style will gradually spread from safe-haven assets to assets with growth potential, and asset prices are returning to asset values. .
blackrock fund told a reporter from securities daily that the policy's "multiple arrows" combined with rising people's sentiments have jointly contributed to the recent rise in the equity market. the actual implementation of subsequent policies is equally important, and the sustainability of the policy's force will also be it has become a key indicator of whether the stock market can emerge from the downturn. "we will closely track new policies that may be introduced and look for investment opportunities from macro to micro."
source: securities daily
